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Jan 02

full time trader log 2013 01 02

full time traderUnderlying Stock : AAPL

Strike : 540 Put

No. of contracts : 2 contracts

Enter/exit price : 2.08/2.50

Holding time : 2 mins

Net Profit : $82

 

 
full time traderReason to enter trade:

This was another technical charting play. $AAPL was up $23+ from opening bell when $INDU was up 225 pts. $INDU was’t making any movement while chart of $AAPL was pointing towards a reversal. Timed the entry correctly and opened the PUT position. $AAPL kept falling and my position never once hit red. Tried to key to close at $2.35 but while attempting to key, the bid price kept moving higher and higher. Then, orchesterated my first “ka’ching” sound in 2013 with a $2.50 limit order to gain $82 in 2 mins. Great start for 2013, at least for me knowing that I drew first blood!

Jan 02

Happy trading days in 2013

2013-StocksHappy new year to ALL!

2013 will be a great daytrading year for all. DOW futures is now up 250 points in pre-market as I blog this after US announced its fiscal cliff deal. A big bang to the start of the first trading session of 2013 (unless it make a reversal towards the opening bell which is slightly 5.5 hrs from now).

Let us all resolute to make CONSISTENT PROFITS this year! And happy trading in 2013!

Dec 21

full time trader log 2012 12 19

full time traderUnderlying Stock : BIDU

Strike : 100 Put

No. of contracts : 5 contracts

Enter/exit price : 1.20/1.45

Holding time : 9 mins

Net Profit : $119

 

full time traderReason to enter trade:

Again, this was a technical charting play. Market was lingering at opening bell, searching for direction but I felt it poised for a pullback. Did I just use the word “felt”? $BIDU was up some 2.5% the previous trading session and continued its uptrend before I opened the position. I was contemplating whether I should open a long or put position. But market was moving towards south thereafter and I thought I saw an opening; and I took charge! But $BIDU was rather strong and went against the DOW to move higher after I entered the position. It almost hit my stop loss price before its reversal. Huge relief to see the long red candlestick. $BIDU then continued its downward trend for a few more minutes and I closed off the position to make some $119 in 9 mins.

Dec 20

full time trader log 2012 12 17

full time traderUnderlying Stock : AAPL

Strike : 480 Put

No. of contracts : 2 contracts

Enter/exit price : 2.40/2.80

Holding time : 8 mins

Net Profit : $77

 

full time traderReason to enter trade:

This was a technical charting play. $AAPL recovered from a pre-market drop of negative $7+ to positive $1. And from experience, it usually reversed to the earlier trend. I merely waited for the reversal signs and followed the trend to make $77 in 8 mins. Not bad, ya?

Dec 20

full time trader log 2012 12 13

full time traderUnderlying Stock : AAPL

Strike : 545 Call

No. of contracts : 3 contracts

Enter/exit price : 1.50/1.80

Holding time : 80 sec

Net Profit : $88

 

Reason to enter trade:

No TOS chart to back me up on this trade either. It was a quick trade on $AAPL. Profit of $88 in 80 seconds and within 4 minutes of the opening bell. Switched off my laptop and went watched TV.

Dec 20

full time trader log 2012 12 12

20121212 IBUnderlying Stock : BIDU

Strike : 95 Call

No. of contracts : 3 contracts

Enter/exit price : 1.62/1.80

Holding time : almost 2 hours

Net Profit : $50

 

Reason to enter trade:

Again, I have no TOS chart to analyse. But I remembered I was constipating during the holding time. I opened the 95 Call while it was in-the-money as I saw BIDU did not move much during my observation period. Furthermore, it was nearing expiry and the in-the-money call was rather cheap compared to other counters. I remembered BIDU moved forth and back a couple of times without hitting either my target exit price and stop loss price. Forth and back, forth and back for almost 2 hours. Finally, closed the position (1 am Malaysian time when I decided to close the position) when I saw a tiny profit of $50, and I was SLEEPY then.

Dec 19

full time trader log 2012 12 10

full time traderUnderlying Stock : AAPL

Strike : 555 Call

No. of contracts : 2 contracts

Enter/exit price : 2.20/2.60

Holding time : 4 mins

Net Profit : $78

 

Reason to enter trade:

Forgotten why and how I made on this position. Did not record nor post into blog but procrastinated almost 10 days before posting it on today. Could not even bring out my TOS chart as TOS only keeps 5 days of the 1-min chart in its database. Shame on me! Anyway, made small gains. That kept me happy!

Dec 07

full time trader log 2012 12 06

full time traderUnderlying Stock : BIDU

Strike : 87.50 Call

No. of contracts : 4 contracts

Enter/exit price : 0.80/1.00

Holding time : 5 mins

Net Profit : $75

 

full time traderReason to enter trade:

It has been a while since I traded. Took time off due to day time workloads and most importantly to reset my trading psychology. My last trade was on Sept 28. I tried to reflect on my trading styles and emotions and felt it’s time to get back into the game. So, bring it on!

First trade after long layoff, a profitable one, but small. Trying to regain the confidence and mental condition of a day trader. And most of all, get the engines rolling again.

Scouted for entry opportunity on my shortlisted stocks. AAPL, neh.. option prices too expensive and the movement was way too erratic. Not for my first trade! AMZN and NFLX looked decent, but missed the first few timings to open position. Then, spotted BIDU and watched it for over 2 candlesticks, and when there was a big red stick while the MACD Histogram and Stochastic studies indicating a reversal trend, in I went. Not so bad after some 2-months time-off.

Sep 30

full time trader log 2012 09 28

full time traderUnderlying Stock : NFLX & AMZN

Strike : 55 Put (NFLX), 55 Call (NFLX), 255 Put (AMZN)

No. of contracts : 10, 20 & 9 contracts

Enter/exit price : 0.28/0.40, 0.43/0.22 & 0.80/1.037

Holding time : 3 mins, 28 mins & 12 mins

Net Loss : $130

 

Reason to enter trade:

Used up all daytrades in one single session. Impulsive and rash:-

1) Trade #1 – NFLX Put, made gain of $109. Should have left it as it is and switched off the laptop.

2) Trade #2 – NFLX Call, 4 mistakes in a single trade. Mistake #1, greedy, should not have entered any more position since Trade #1 already met the target of the day. I recalled my emotion of that moment, “Oh, I did not trade for couple of days back, let’s make up loss time”, and loss was what I made! Mistake #2, averaged the position in a loss making status. Mistake #3, did not cut loss!! Mistake #4, hope! Already making losses way out of my stop loss target, I then hoped that the position would turn my way. Hope is one of the deadliest enemy of a trader.

3) Trade #3 – AMZN Put, got some consolation here and gained $204. But I was again too eager to make up for loss $$. I remembered my emotion, I was having a loss of $334 before entering this trade and was again “hoping” to cover the losses. I did, but the psychology wasn’t right, I traded because I wanted “revenge” on the market, which was dead wrong!

When will I ever learn?

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